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The Pinewood Furniture Company produces chairs and tables from two resources - labor and wood. The company has 80 hours of labor and 36 board-ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood. The profit derived from each chair is $400 and from each table, $100. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit.
a.) Formulate a linear programming model for this problem (using QM on Windows and/or Excel on Windows)
b.)Solve this model using a graphical analysis.
The new study is going to use the confidence level of 90%. The estimator or appreciative must be in 1% of the population proportion. Which is the necessary size of the sample?
According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy and electronically file a 1040 tax form. The distribution of times follows the normal distribution and the standard deviation is 80 minutes. A consumer watchd..
Given the following sample information, test the hypothesis that the treatment means are equal at the .05 significance level.
If you were designing a study which group, a population or a sample, would you gather data from and why? Provide an explanation regarding whether or not the standard deviation is a biased or unbiased estimate.
Complete the table and answer the following questions. Use the .05 significance level.
Using 5% level of significance, is there any difference in proportion of guests who would select the two resorts? What is your conclusion?
Perform the 5 steps of hypothesis testing procedure. Please present the calculations and results and Graphs. Make all possible observations and interpret the results
Transportation problem using the stepping stone method
The number of shark attacks and deaths over a recent 5- year period is shown. Find the mean, median, mode, midrange, variance, and standard deviation for the date. Which data set is more valuable?
A four-year university has decided to implement new approach to teaching Statistics. Full-time and adjunct professors were surveyed to determine whether they preferred the traditional lecture approach or a computer approach to teaching Statistics.
In a distribution of scores, the arithmetic mean is 51, the median is 55, and the mode is 62. What is the score, in percentile form, of a subject who does less well than two-thirds of the sample?
The Gallup organization conducted a telephone survey with a random selected national sample of 1005 adults, 18 years and older. The survey asked the respondents, "How would you describe your own physical health at this time? "Response categories w..
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